Based on Chinese industrial firms' data, this study found that state capital injection weakened the technological progress and management efficiency of private firms, which led to a reduction in enterprises' total factor productivity. State capital injection also increased the labor cost and...

Grundlagen und bestehende Erkenntnisse zu Privatisierungen -- Definitionen und institutionelle Grundlagen -- Überblick über Privatisierungsmaßnahmen in Westeuropa -- Theoretische Erklärungsansätze und empirische Erkenntnisse zur Performance von Privatisierungen -- Eigene empirische...

This study examines the relation between state ownership and the performance of Chinese listed companies during the period 2002-2004. Results confirm that higher levels of direct state ownership have a negative, significant impact on market performance (Tobin’s Q) but not on operating...